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May 3, 20222 min read
Bermuda CRS Deadlines Extended and Reminders!
On April 28, 2022, the Bermuda Ministry of Finance (the Ministry) published a notice of extended CRS deadlines and other reminders. Due to
Apr 29, 20221 min read
IRS Announces IDES Testing Session From June 6 through July 1, 2022!
On April 27, 2022, the Internal Revenue Service (IDES) published Issue Number 2022-02 regarding the Foreign Account Tax Compliance Act (FATC
Apr 29, 20221 min read
IRS Invites Recommendations on 2022-2023 Priority Guidance Plan
On April 26, 2022, the Internal Revenue Service (IRS) published Notice 2022-21, which invites the public to recommend items that they...
Apr 29, 20221 min read
UK Extends Rules Implementing CRS!
On April 25, 2022, the International Tax Compliance (Amendment) Regulations 2022 were made and then laid before the House of Commons on...
Apr 29, 20222 min read
Singapore FATCA Updates!
On April 25, 2022, the Inland Revenue Authority of Singapore (IRAS) published an announcement regarding Foreign Account Tax Compliance Act (
Apr 29, 20221 min read
EU Prohibits Selling Investment Funds to Russians and Updates FAQs
On April 25, 2022, the European Union (EU) updated its frequently asked questions (FAQs) on deposit acceptance concerning sanctions...
Apr 25, 20221 min read
Publication 519 For Use in Preparing 2021 Returns is Now Final!
On April 20, 2022, the Internal Revenue Service (IRS) posted a final version of Publication 519, U.S. Tax Guide for Aliens, for use in prepa
Apr 22, 20222 min read
IRS Begins Sending Notices CP2100 and 2100A!
In case you missed it, the Internal Revenue Service (IRS) announced that beginning in mid-April, it will be sending out Notices CP2100 and 2
Apr 19, 20221 min read
New IGA between Kazakhstan and the United States
On April 5, 2022, a new Model 1 Intergovernmental Agreement (IGA) between Kazakhstan and the United States entered into force.
Apr 19, 20221 min read
Guernsey FATCA and CRS Reporting Reminders!
On April 13, 2022, the States of Guernsey Revenue Service issued Bulletin 2022/3 under the provisions for the Foreign Account Tax Compliance
Apr 14, 20222 min read
April 2022 TIGTA Report Finds FATCA Compliance Issues
On April 12, 2022, the Treasury Inspector General (TIGTA) published an April 7, 2022, Report Number 2022-30-019, titled ‘Additional Actions
Apr 13, 20221 min read
BVIFARS Portal Fees to Begin September 2022!
In case you missed it, the International Tax Authority (ITA) of the British Virgin Islands (BVI) published a notice for any entities...
Apr 11, 20221 min read
Reminder: FBAR Reporting Deadline is April 15
The IRS and FinCEN reminds U.S. citizens, resident aliens and any domestic legal entity that the deadline to file their annual Report of...
Apr 8, 20221 min read
IRS Commissioner Support for Reciprocal FATCA Bill
On April 7, 2022, Internal Revenue Service (IRS) Commissioner Charles P. Rettig testified on agency operations and the President’s 2023 budg
Apr 7, 20222 min read
Cayman CRS Enforcement Guidelines
On March 31, 2022, the Cayman Tax Information Authority (TIA) published the Enforcement Guidelines in respect of the Common Reporting Standa
Apr 6, 20221 min read
Guernsey 2022 Compliance Information Notice 2!
On March 31, 2022, the States of Guernsey Revenue Service published Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (
Apr 5, 20221 min read
April 2022 IRS Memo Reissues Interim FATCA Guidance Memo
On April 1, 2022, the Internal Revenue Service (IRS) published a Memorandum for all Large Business and International (LB&I) employees that r
Apr 1, 20221 min read
ATO Publishes New Supplementary Third-Party Data Governance Guide
On April 1, 2022, the Australian Tax Office (ATO) published a new third-party data governance guide that focuses on investment industry tax
Apr 1, 20221 min read
Antigua and Barbuda CRS Compliance Form
In March 2022, the Antigua and Barbuda Inland Revenue Department published its own Common Reporting Standard (CRS) Compliance Form that must
Mar 29, 20222 min read
FY 2023 Greenbook Update For Purposes of AEoI!
On March 28, 2022, President Joe Biden released the FY2023 Budget and the U.S. Department of the Treasury released a document to explain the
Mar 29, 20222 min read
FY 2023 Greenbook Proposes New Electronic Filing Requirements!
President Biden’s On March 28, 2022, President Joe Biden released the FY2023 Budget and the U.S. Department of the Treasury released a docum
Mar 28, 20222 min read
Crowdfunding Websites May Be Required to Report on Form 1099-K, Payment Card and Third-Party Network
Beginning in calendar year 2022, crowdfunding websites or their payment processors may be required to report certain distributions of money
Mar 25, 20221 min read
OECD Seeks Public Comment on Reporting Crypto-Assets and Amendments to the CRS
On March 22, 2022, the Organisation for Economic Cooperation and Development (OECD), published a public consultation document regarding...
Mar 24, 20221 min read
UK Suspended the Exchange and Sharing of Tax Information with Russia and Belarus!
In case you missed it, on March 17, 2022, in an effort to inflict economic pain on President Putin and his regime, the United Kingdom (UK) s